“I have never met a piece of information that investors don’t want,” the respected audit committee chair said, more in exasperation than in anger.
We had been having a conversation that ranged over the current ideas to improve corporate reporting, from the Securities and Exchange Commission’s concept release on audit committee reporting to the Public Company Accounting Oversight Board’s proposed new standards for auditors’ reports to the non-governmental Sustainability Accounting Standards Board’s proposals. And then there are the various rating agencies—credit, environmental, social, governance—and their questionnaires. And regulatory agency requests. And on and on and on.
